Michele Bachmann’s Jobs Program Highlights Her Campaign For President
By Dell Hill
Bachmann (R-Mn) has an ambitious 11 point jobs program that focuses on
the primary issue this country faces. She hasn’t lumped all of her
proposals into one titled piece, so I invite you to read this and her
other plans at her web site.
More than 1.2 trillion United States dollars could be brought back to
America in days as an immediate "stimulus" if the government would zero
out the tax rate on that money until December 31, and then permanently
keep it here in the U.S. if taxed at a rate of 5 percent. Foreign
earnings totaling over $1.2 trillion is more than the President's failed
stimulus and it won't come out of taxpayer wallets. It would increase
the value of the dollar, provide valuable capital for the job creators
in this country and pump tremendous amounts of money into our economy.
CUT SPENDING AND GOVERNMENT.
I have already voted to cut federal spending in the years ahead, every
single time I have had the opportunity. In addition, I would phase out
quasi-governmental enterprises, such as Fannie and Freddie, and
eliminate duplicative government programs and costs. We must decrease
government salaries to bring them in line with their private sector
counterparts, and we must decrease the number of government employees.
Over-spending by the government hurts job creation by devaluing the
dollar and stealing capital from the private sector.
Healthcare is one-sixth of the U.S. economy and this unconstitutional
takeover of healthcare by the federal government is creating crippling
uncertainty for employers across this country. This legislation does
nothing to address the true problem with our healthcare system – cost –
and will cost states trillions. I believe it is an intentional backstop
to imploding healthcare entitlement programs — Medicare and Medicaid —
to transition toward a single payer-system. This is the number one
hindrance to job creation in the United States (according to a recently
released UBS study).
I've demonstrated a firm commitment to cutting spending and balancing
the budget. We need to reduce the number of tax brackets, repeal taxes
outlined in Obamacare, fix the Alternative Minimum Tax, and eliminate
the Death Tax. In addition, we must make the corporate tax code simpler
and fairer, and allow U.S. companies that generate earnings overseas to
bring back those profits and invest them in American jobs and growth.
REPEAL THE JOBS AND HOUSING DESTRUCTION ACT, ALSO KNOWN AS DODD-FRANK.
This law tightened regulations on banks, made it harder for Americans
to obtain credit, and failed to address the systemic problem that caused
the Wall Street collapse — leverage. This 849-page bill calls for 400
new sets of rules that will be written on 6000 Federal Register pages,
all written by bureaucrats, many of whom have never worked in the
financial services field. The law also creates a potentially intrusive
Financial Services Consumer Protection Bureau that is not accountable to
Congress and which has but a vague mandate to combat misconduct – so in
the wrong hands, it could cause its own kind of misconduct.
LEGALIZE AMERICAN ENERGY PRODUCTION AND AMERICA'S NATURAL RESOURCES.
This could create 1.4 million jobs, bringing $800 billion of new
revenue into the U.S. Treasury, and increasing domestic energy supplies
by 50 percent. The price of energy has a direct impact on nearly ever
facet of our lives. We have to abandon the parochial and political
energy policies of the past and install a comprehensive energy plan that
not only reduces our reliance on unfriendly foreign regimes, but also
creates millions of American jobs and generates increased tax revenues.
According to the Congressional Research Service, the U.S. has more
energy potential than any other country in the world. We should use that
potential. It is a better policy to create American jobs and explore in
an environmentally-sound way, than to rely on foreign dictators who
give little regard to the environment. This includes specific strategies
like reviving the logging, timber, mining and metals industries, and
bringing federal lands back into productive activity by repealing
radical environmental laws that kill access to natural resources.
REPEAL JOB KILLING REGULATIONS.
America's job creators and small business owners have lost economic
liberty under the weight of $1.8 billion annually in compliance costs
with government regulations. Together we sent $2.2 trillion in taxes to
the federal government this year. By comparison, job creators spend
nearly as much annually to comply with bureaucratic mandates. Obamacare,
Dodd-Frank, and the string of mandates and rules from the Environmental
Protection Agency — as well as other agencies — are creating such
incredible uncertainty in the market. The House Republican leadership
has identified 219 planned Obama administration regulations, each of
which will cost the economy more than $100 million. This red tape
rampage must stop.
This President has been holding hostage trade deals with Colombia,
Panama and South Korea as he tries to negotiate favor for Big Labor. The
world needs to know that we are open for business and U.S. Companies
need to expand beyond our borders to the 95 percent of people who do not
UNLEASH AMERICAN INVESTMENT.
By eliminating unnecessary taxes and regulation, and expanding trade,
we will create an incentive for investment in America again. We must do
whatever it takes to restore our ability to manufacture here in the U.S.
We can do this by reforming the tax code, providing incentive for
growth, and allowing the private sector to control the market with
little government involvement.
PAVE A PATHWAY FOR INNOVATION.
Recent reports indicated that the United States has now slipped to 5th
in the competitiveness rankings, and 47th in education. How do we expect
to lead the world economically when we are not doing what is needed to
inspire and foster innovation here at home? The future of the American
economy lies with the innovation of this and future generations.
ENFORCE AMERICAN IMMIGRATION LAWS.
The failure of the federal government to enforce its immigration laws
costs federal, state and local governments billions of dollars annually.
Our nation was founded on the rule of law, and we must ensure U.S.
immigration laws are respected and enforced not only to preserve our
national security, but to protect federal, state, and local budgets, and
to curb the unfair strain on our country's job markets.